parameter

(noun)

A numerical value that gives information about an entire population, where a population is a complete group of individuals or things.

Related Terms

Examples of parameter in the following topics:

  • Basic Inferential Statistics

    • The corresponding values in the population are called parameters.
    • Statistical inference therefore literally helps us make inferences about the characteristics of populations (their parameters) from characteristics of our sample (statistics).
    • The bigger the sample the researcher collects, the closer the researcher gets to getting more accurate estimates of population parameters.